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November 9th - According to a report on the website of the Russian newspaper Izvestia on November 8th, Russian troops are about to "liberate" the city of Kupyansk in the Kharkiv region. Previously, the "Western" military group controlled the Oskol River crossing, blocking Ukrainian forces in that direction. Russian troops are currently completing their clearing operations in the western region of Kupyansk in the Kharkiv region.The governor of Voronezh region, Russia, said that a Ukrainian drone strike at night caused a disruption to electricity and heating supplies in the region.According to RIA Novosti, Russian air defense forces shot down 44 Ukrainian drones last night.On November 9th, internal documents from Meta Platforms (META.O) revealed that approximately 10% of the companys revenue, or about $16 billion, will come from fraudulent and prohibited advertising in 2024, highlighting loopholes in its advertising oversight. The internal Meta document shows that the social media giant has failed to identify and block a large number of illegal ads for at least the past three years, exposing billions of users on its platforms Facebook, Instagram, and WhatsApp to content including investment scams, online gambling, and prohibited medical products. The company estimates that its platforms push approximately 15 billion fraudulent ads to users daily.Conflict Situation: 1. Russia – ① Russian Ministry of Defense: A Ukrainian drone was shot down in the Moscow region. ② Russia launched a large-scale airstrike against Ukraine, damaging energy and transportation facilities in many parts of Ukraine. ③ Russian Ministry of Defense: Russian troops have occupied the village of Vovche in Ukraines Dnipropetrovsk Oblast. 2. Ukraine – ① Ukraine claims Russia launched a large-scale attack on its energy facilities. ② Ukrainian Prime Minister: Russian attacks on Ukrainian dams damaged several large energy facilities in the Kyiv, Kharkiv, and Poltava regions. Other Situations: 1. US – ① US media: Hungary will be exempt from US sanctions when purchasing Russian energy. ② Ukrainian President Zelensky: Russia launched 450 drones and 45 missiles to attack Ukraines energy sector and infrastructure. 2. Ukraine – Rotating power outages will be implemented in most parts of Ukraine on the 9th. 3. Russia – ① Russian Foreign Minister Lavrov: At the instruction of Russian President Putin, Russia has begun drafting proposals regarding possible Russian nuclear testing programs. ② Russia claims it has not received any statements from the US regarding the resumption of nuclear testing through diplomatic channels. 4. Other – Both external power supply lines to the Zaporizhzhia nuclear power plant have been repaired.

Natural Gas, WTI Oil, Brent Oil – Oil Markets Test New Highs

Cory Russell

Jan 18, 2023 16:09

Natural Gas

Natural gas settled near the $3.60 level as traders remained focused on weather forecasts. The current market consensus implies that weather will turn colder closer to the end of the month. However, it remains to be seen whether forecasts will provide additional support to natural gas markets in the near term as current demand for natural gas remains low.

WTI Oil

WTI oil tested new highs today as traders bet on rising demand from China. In its latest report, OPEC said that world demand will grow by 2.22 million bpd in 2023. However, this estimate could be revised as the fourth quarter of 2022 was stronger than expected.

Brent Oil

Brent oil has also enjoyed strong support in today’s trading session. While resistance near the $87 level remains strong, Brent oil will have a good chance to climb above this level if traders stay focused on rising demand from China.